Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures

The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]

Egypt’s wheat imports increase by more than $2Bln during 1st half of 2024

Egypt’s wheat imports significantly increased in the first half of 2024, rising to $2.324 billion from $1.785 billion in the same period of 2023, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). Wheat remains a crucial staple food for the country, contributing to the overall rise in raw material imports, which reached […]

Morocco hosts 2022 U.S.-Africa Business Summit

The U.S.-Africa Business Summit, which seeks to encourage investment in the Continent, will be convened this year in Marrakesh July 19-22 under the theme: “Building Forward Together”. A press release issued by the U.S. Corporate Council on Africa (CCA) said the summit will explore a renewed commitment by both public and private sector stakeholders to […]